Russia-Ukraine conflict: What is happening with wheat prices?

The events unfolding amidst the Russia-Ukraine conflict are highlighting different perils of war – one of them being declining food security. Wheat prices have soared by as much as 60% in the last one month (as of 8 March 2022), fuelling wide...

Crucial commodities that could be affected by the Russia-Ukraine war

Tensions between Russia and Ukraine have reached a fever pitch as Russian President Vladimir Putin announced a military operation on Ukraine on Thursday. Within a few hours, Russian aircrafts had already made their way to the Ukrainian capital whil...

Up ~562% in last one year: What’s fuelling lithium prices?

Global appetite for lithium has surged dramatically in the recent years, fuelling the price of the silvery-white metal. Lithium carbonate prices have surged to CNY 460,500 a tonne, recording nearly 553.19% gains in the last year. The spurt in lithi...

Gold, Crude oil, and Aluminium: 3 Commodities to keep an eye on as Russia invades Ukraine

Vladimir Putin, the Russian President, announced a military operation in Ukraine in the wee hours on Thursday after several weeks of intense diplomacy and a flurry of Western sanctions on Russia. On Thursday, the Russian President said in a televis...

Shining in times of crisis: How gold prices reacted during major wars

Highlights Gold is, once again, in the limelight as the world is gripped by high inflation and ongoing tensions between Russia and Ukraine. Gold has been seen as a ‘safe haven’ during dire economic situations. Prior to World War II...

Crude oil hits US$99.50/bbl as Ukraine crisis intensifies

Highlights Brent Crude Oil prices rose as high as US$99.50 a barrel on Tuesday, with prices settling near 2014 highs. The significant rise in the prices came after several western nations announced the initial stage of sanctions on Russia. Mar...

Oil tumbles 3% as Russia withdraws some troops from Ukraine

Highlights Crude oil prices tumbled on Tuesday. The substantial drop in the prices came after Russia stated that it has withdrawn some of the military units back to bases. Investors are also eyeing talks between the US and Iran on reviving the...

Andrew Forrest vs Blue Hydrogen: Why are industry veterans against Hydrogen with fossil fuels?

Highlights Demand for hydrogen has witnessed unprecedented growth in the past few years. The production of blue hydrogen creates a significant amount of carbon dioxide, which is harmful to the environment. Fortescue’s Chairman Andrew For...

Brent Crude hits more than 3-year highs on global supply concerns

Highlights Brent crude oil hitting more than 3-year highs on Monday. In the last week, Brent and WTI both rose by 5.4% and 6.3%. Leading oil-producing groups, including OPEC+, are not able to supply enough to meet strong global demand. Cr...

Crude oil slips on US interest rate hike concerns

Highlights Crude oil prices slipped on Thursday. Expectations of strong economic recovery counterbalance the losses in oil prices. Oil has gained more than 50% in the last year. Crude oil prices inched lower on Thursday on a strong sell-o...